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We analyse global and euro area imbalances by focusing on China and Germany as large surplus and creditor countries. In …
Persistent link: https://www.econbiz.de/10013059563
This paper takes up the question of whether market concerns about global imbalances in general, and the US external deficit in particular, are well founded. It reviews four arguments bearing on how concerned we should be about the widening of the US current account deficit since the Asian...
Persistent link: https://www.econbiz.de/10013136178
provides consistent mimic of the surpluses in China and Japan, and the deficit of the US. Undervaluation of yen is also evident …
Persistent link: https://www.econbiz.de/10013086584
to the relative size of the countries' GDP. We conclude that the continuation of the fast growth rate of China, while …
Persistent link: https://www.econbiz.de/10012722939
This paper confronts the traditional balance-of-payments (BoP) analytical framework (with its dominant focus on the size of a given country's current account imbalance and its external liabilities) with the contemporary realities of highly integrated international capital markets and...
Persistent link: https://www.econbiz.de/10012720137
.e. the United States and China, are of a relatively smaller magnitude. Nevertheless, it is worth noting that the share of … China in CEE trade has been dynamically expanding (especially in the years 2010-2013), whereas that of the US economy has … in China's share of global trade, in large part at the expense of the United States …
Persistent link: https://www.econbiz.de/10012949485
Despite heavy borrowing in recent years, the United States has financed its large current account deficits without experiencing an unusual buildup in foreign investors' holdings of U.S. assets. A new analysis suggests that this somewhat surprising development is attributable largely to rapid...
Persistent link: https://www.econbiz.de/10014221312
The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and euro area (Germany) as center countries with rising current account deficits (US) and surpluses (Germany) which are matched by respective current account surpluses of countries...
Persistent link: https://www.econbiz.de/10014210546
comparison between India and China, the contemporary and hottest Asian investment destinations, is undertaken to comprehend the … that period, successfully bucking the impact of financial crisis. Since China is a highly export oriented economy, our …
Persistent link: https://www.econbiz.de/10012920196
Persistent link: https://www.econbiz.de/10009727410